LendingCrowd, the Edinburgh-based fintech, has raised£100 million via a funding deal with Barclays Bank and a leading global investment firm. These funds will be used to support the growth and recovery of small and medium enterprises (SMEs) across Britain from the impact of the pandemic. The funding will reach the SMEs through British Business Bank’s Recovery Loan Scheme (RLS) and also via LendingCrowd’s own fixed-term lending product. The fintech will provide RLS loans up to £500,000 and the loans will have a maximum repayment tenure of five years. SMEs in the UK can apply for the said loans via LendngCrowd’s website.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.